China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation in its rapidly expanding nuclear power sector with the aim of eventually…
Energy
Crude oil price at energy bourse is lowered to 2 percent less than Persian Gulf FOB prices to help attract investors, deputy minister of economic affairs and finance said Wednesday. "We had two…
Oil rose further on Tuesday on solid US manufacturing data and a weaker dollar, building on gains sparked by expectations that output will suffer following reports of declining rig counts and cuts…
Oil company Shell intends to start a 10-year process to dismantle and remove one of Britain's oldest and biggest oil platforms, Brent Delta, the company said on Tuesday, TradeArabia reported.…
The actual gas export of the Russian gas monopoly, Gazprom, can be above the forecast in 2015 owing to the predicted demand growth against falling gas prices, Gazprombank said on Tuesday. The 2015…
The oil industry possesses a great potential, from exploration and drilling to refining and exports, to fulfill the objectives of the Economy of Resistance, a lawmaker said.
The energy…
The Arab states in the Persian Gulf region are seen as main customers of Iran's natural gas, said the managing director of the National Iranian Gas Exports Company (NIGEC).
The energy ministry's education, research, and science separtment has decided to establish a center with the objective to develop, transfer, indigenize, and commercialize solar energy…
The development of Farzad A gas field, also known as Farsi block, shared between Iran and Saudi Arabia, has been halted due to financial constraints, despite a recent announcement by the oil…
A working group comprising representatives of the National Petrochemical Company (NPC)'s general assembly will be set up to determine transfer, repair, and maintenance of the West Ethylene…
Indonesia's state oil firm Pertamina has awarded several crude supply contracts for deliveries from now to mid-year, a company director said, in the first tender since the government overhauled…
BP on Tuesday became the latest energy giant to say it would slash investment this year as tumbling oil prices cut into the group's profits, AFP reported.
British company BP said spending…
Jordan seeks to import 130 to 150 million cubic feet (3.6 to 4.2 million cubic meters) of natural gas per day from the Gaza Strip, according to the minister of energy and mineral resources,…
Gas is to be supplied to 2.3 million households over the next three years at a cost of $2.5 billion dollars, planning director of the National Iranian Gas Company, Hassan Montazer Torbati said…
Petrochemical production capacity will increase by 1.3 million tons by the end of the current Iranian year (March 20), deputy oil minister said Monday.
With three new storage facilities having gone into operation crude oil storage capacity in the Persian Gulf region has increased by 1.5 million barrels, Mehr news agency reported.
Three…
Consumption of 5.5 billion cubic meters of compressed natural gas (CNG) has led to conservation of more than 5.5 billion liters of gasoline from March 21 to January 21, said the manager of CNG…
Three ministries have been tasked with setting the prices of gas and liquid feedstock for petrochemical complexes, following months of speculations and debates over the sensitive issue, ISNA…
The United Steelworkers Union has launched the biggest walkout in the US since 1980, shortly after the USW failed to reach an agreement on their salaries, safety concerns, and…
Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a US refinery strike and focused on a falling US rig count that signaled lower production down the line.…
Iran’s economy could grow substantially if sanctions are lifted, as a result of a possible breakthrough in nuclear talks, which is expected to help oil exports rebound to pre-sanctions levels by…
Countries from Mexico to Germany and Malaysia are increasingly taking advantage of cheap oil by trimming fossil-fuel subsidies, easing the way for renewable power that can help the environment,…
The energy ministry aims to increase the number of micro-hydropower plants (small and medium scale), and thus has identified locations in 14 provinces to this end, head of the energy ministry's…
A major gasoline production project will become operational by the yearend, deputy oil minister stated Sunday.
Negotiations were held with several Turkish companies, resulting in preliminary agreements on electricity export from Iran to Turkey, said the managing director of the National Iranian Gas…
